Indonesian Officials Reach Plan
To Revamp Debt-Payback Deals

JAKARTA, Indonesia -- Indonesian lawmakers have backed a plan to rework debt-payback agreements reached between Jakarta and a number of the nation's largest conglomerates.

The Parliament's move could have huge implications for companies like Salim Group and Gajah Tunggal Group , which pledged stakes in hundreds of companies to Jakarta to cover their debts. It could also slow down the government's hopes of selling-off many of their...